Asian markets settled mostly higher on Monday tracking Wall Street’s gains last Friday after New York Federal Reserve President John Williams described monetary policy as being modestly restrictive and said he sees room for a further adjustment to rates in the near term. Hong Kong shares surged, lifted by gains in major tech shares after Alibaba Group Holding’s recently launched Qwen AI app has seen explosive growth, surpassing 10 million downloads within a week. Chinese shares finished almost flat after hitting six-week lows. Chinese shares in the defence sector jumped as the China-Japan spat continued, with China escalating the dispute over Taiwan at the UN and Japan's defence minister visiting a military base close to Taiwan. Japanese market was closed for Labour Thanksgiving Day.
| Asian Indices | Last Trade | Change in Points | Change in % |
| Shanghai Composite | 3,836.77 | 1.88 | 0.05 |
| Hang Seng | 25,716.5 | 496.48 | 1.97 |
| Jakarta Composite | 8,570.25 | 155.90 | 1.82 |
| KLSE Composite | 1,618.78 | 1.21 | 0.07 |
| Nikkei 225 | -- | -- | -- |
| Straits Times | 4,496.63 | 27.49 | 0.62 |
| KOSPI Composite | 3,846.06 | -7.20 | -0.19 |
| Taiwan Weighted | 26,504.24 | 69.30 | 0.26 |
